Demo accounts are typically used in the following cases:
- If you are a beginner seeking to learn the basics of trading on financial markets without risking your own money.
- When you want to evaluate the trading conditions offered by the company before opening a real account.
- To test new trading strategies or Expert Advisors (EA).
Once you have gained confidence and completed the necessary preparations on a Demo account, you can transition to trading on a real account.
Demo account types:
- Demo Pro accounts are equivalent to real Pro accounts
- Demo ECN accounts have the same maximum leverage and Stop Out level as real ECN accounts, but the commission on demo ECN accounts matches that of real Prime accounts
- Demo accounts for the R StocksTrader platform